Product Innovation Paper

Choose any product that you find interesting.Research both the invention and product life cycle of the product and including cited sources.

A detailed description of the product

How the idea was generated (who invented this?)

Any research and development activities you can discover

Identification of target market for this product

How the product meets a specific need in the marketplace

Creation of actual product, production process, materials used, etc.

Financial success of product (can include sales or profits)

Product life cycle (how long has product been in marketplace?)

Retail locations where product is available for sale

Pricing strategy used

Any promotional strategies used

Personal opinion of product and critique of product's success

Any ways the product or promotion could be improved

Some product ideas include:The roller coaster, bubblegum, a clothing article, technology product (telephone, i-pod, electronic game, clock, radio, or television), furniture piece, automobile or any motorized vehicle, food product, medicine, candy, household item, cleaning product, baby item, post-it notes, paper clip. . .